Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Friday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from Post 9 at the New York Stock Exchange. Carl has the morning off.

Let's give you a look at futures. Get ready to wrap up. Another somewhat tumultuous week, although things had been a lot calmer in the banking sector until,

well, perhaps today. And our roadmap does start right there. Banks in focus yet again.

This time overseas, Deutsche Bank is dragging down the sector. It's the latest flare of concerns

about the health of banks worldwide. We'll discuss it, of course.

Activision shares, they are rallying why UK regulators reduce their concerns about Microsoft's acquisition of that gaming company.

And the tech safe haven shares with NetA, Alphabet, Apple.

They all are up quite nicely for the month of March.

All right, let's start with banking turmoil, Deutsche Bank.

You've seen it, of course, on Squawk Box.

The stock is down sharply in the pre-market.

This follows a spike in credit default swaps that occurred last night.

It takes you back, of course, to the 07-08 period, credit to false swaps

and how closely we watched them. This is a bank that's in actually a lot better shape than it

was certainly coming out of the crisis, Jim. But it's not a name that's unfamiliar to many.

I mentioned it earlier this week as sort of, well, will they try and

come after it? When I say, will they try to come after it? I'm referring to things like even

that tweet yesterday from Boaz Weinstein at Saba, a guy who used to actually trade and really

created the CVS market in some way when he was at Deutsche Bank years ago, getting people worried.

Okay. I think that's a great way to put. Oh, by the way, I'm going along Yeti here.

Okay. Yeah, that voice is still coming around. But it's better than... Okay, you were there when it went.

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